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The fundamental problem is that structural incentives often look exactly like a master plan (which is why we sometimes call incentives an "invisible hand")
by throwawaymaths 3y ago
The fundamental problem is that structural incentives often look exactly like a master plan (which is why we sometimes call incentives an "invisible hand")
- EVa5I7bHFq9mnYK 3y agoNope, invisible hand means not deliberately imposed incentives, but spontaneous creation of order from seemingly chaotic market forces.